Elizabeth Warren actually said...

"I am glad to hear you will make it a top priority for the Federal Reserve to engage in the supervisory and regulatory responsibilities that help keep our financial system safe."

"I think it is an important signal here and I am glad to hear that you are thinking about this."

"But the truth is, if the regulators had done their jobs and reigned in the banks, we would not need to be talking about quantitative easing because we could have avoided the 2008 crisis altogether."

"Thank you, Mr. Chairman, Director Cordray. As you know, there are nearly 60 million car loans outstanding for a total of about $780 billion."